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BTCC / BTCC Square / Global Cryptocurrency /
Harley-Davidson Stock Surges on Financing Arm Stake Sale

Harley-Davidson Stock Surges on Financing Arm Stake Sale

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-07-31 00:28:02
0
BTCCSquare news:

Harley-Davidson shares rallied 12% after announcing the sale of nearly 10% stakes in its financing division, HDFS, to private equity firms KKR and PIMCO. The deal is expected to generate $1.25 billion in discretionary cash, earmarked for debt reduction, shareholder returns, and corporate reinvestment.

Despite the financial maneuvering, the company reported a stark 19% year-over-year revenue decline to $1.31 billion for Q2, with motorcycle shipments plummeting 28%. CEO Jochen Zeitz cited a "challenging commercial environment" as the culprit.

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